14 resultados para hands-on approach

em Comissão Econômica para a América Latina e o Caribe (CEPAL)


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Includes bibliography

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The microfoundations of economic models are a hotly debated topic in the literature. The debate is important because microfoundations —the ways in which agents decide and behave— have implications that go beyond a specific firm, market or activity; they strongly condition macroeconomic outcomes. This document addresses the classical problems of rationality, uncertainty and institutions: when there is Keynes-Knight uncertainty and rationality is bounded, decision making adopts the form of conventional rules or heuristics. The hyper-rational representative agent of the rational expectations world could generate highly misleading outcomes in macro models. Section 2 applies this discussion to the study of technical change and to innovation and diffusion of technology in the international system, which transform the patterns of specialization. Section 3 discusses the forces that may trap a country in a low-growth trap and the crucial role of institutions in escaping from this trap.

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Much has been said about possible symptoms of Dutch disease in Colombia in the wake of a marked upsurge in commodity prices and the significant real appreciation of the national currency. This paper examines whether the real effective exchange rate had an impact on industry during the period 2000-2010. Specifically, it evaluates the effect of the appreciation of the real exchange rate on the value added of 63 industrial sectors in Colombia using the Arellano and Bond (1991) generalized method of moments (gmm) estimator. Overall, our results confirm a negative relationship between real exchange rate appreciation and industry. The analysis showed that real exchange rate appreciation had a significant impact on the value added of 21 sectors: a negative effect for 18 sectors and a positive effect for 3 sectors.

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.--Background.--Agenda item 1 Welcome and opening remarks.--Agenda item 2 The Vulnerability of Small Island Developing States.--Agenda item 3 Methodologies for Risk Reduction at the Community Level.--Agenda item 4 Methodologies for Disaster Impact Assessment.--Agenda item 5 Ongoing Initiatives in Disaster Risk Reduction.--Agenda item 6 Optimizing the use of existing methodologies for addressing disasters.--Agenda item 7 Innovative financing mechanisms for risk reduction.--Agenda item 8 Regional collaboration for disaster risk reduction.--Agenda item 9 Simulation exercise.--Agenda item 10 Wrap-up, reflection and charting the way forward.--The Way Forward.--Immediate Tasks.--Annex - List of Participants.